D’Attellis expressed his belief that the “digital peso” could help stabilize the Argentine economy as soon as 2024.
Juan Agustín D’Attellis Noguera publicly supported Sergio Massa in promoting a central bank digital currency as a remedy for the national economy.Juan Agustín D’Attellis Noguera, a director of Banco Central de la República Argentina, the country’s central bank, publicly supported the Minister of Economy Sergio Massa in his promotion of central bank digital currency as a remedy for the national economy.
“By having traceability of operations with a digital currency because it is not known who does them, but there is evidence that they were done, you broaden the tax base. This will allow you to raise more without having to raise taxes and even lower them.” The PAD will also help to solve the nation’s monetary problem, as the unstable local currency, the peso, often competes with the American dollar even as a payment method.D'Attellis spoke about the “digital peso” in a very definite manner — the head of the Central Bank assured that the CBDC would be introduced gradually, coexisting with cash, and the final replacement of the paper bill would happen at the last stage of the project.
On Oct. 2, Sergio Massa, the acting Minister of Economy and the presidential candidate, pledged to launch a CBDC if elected to “solve”How the actor model could enable better blockchain gaming apps
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank of Korea announces plan to test wholesale CBDCThe Bank of Korea plans to begin a wholesale central bank digital currency pilot in partnership with the Bank for International Settlements.
Read more »
CBDC lays foundation for new global monetary system: French central bankThe official emphasized the necessity of considering the cross-border issue regarding CBDCs from the outset and not as an afterthought.
Read more »
Bank of Korea to start CBDC infrastructure pilotThe live testing of the retail CBDC should begin right after the system setup in Q4 2024.
Read more »
EU Plans for Wholesale CBDC Out Within Weeks, French Central Banker SaysA central bank digital currency usable by financial markets is moving faster than a more controversial plan targeting regular citizens.
Read more »
Central banks will face unfamiliar challenges to achieve CBDC inclusivity, study saysA Bank of Canada study paper has examined financial inclusion and how it relates to the introduction of a central bank digital currency.
Read more »